News

Indicator of the Week

Gold price

THE spot price of gold touched an 18-year high of $785.75 on Friday as investors continued to buy it as a hedge against inflation and geopolitical risk. Ross Norman of The Bullion Desk, who has been one of gold's best forecasters, is confident that the price will hit $850 before the end of the year, a level last seen in January 1980. Gold has also been helped by strong demand from China.